Abstract: Aiming at the diversification of function system and homing modes in the development of submarine-launched torpedo, this paper analyses the advantages in operational application of wake homing torpedo based on its mechanism, such as stronger counter-countermeasure, higher speed, and higher target acquisition probability for selected target. It also analyses the limitations in tactics, such as limited attacking speed and the types of attackable targets, greater loss in torpedo range, difficult combination with wire-guidance, and inaccurate attack on moving targets. Moreover, this paper suggests that homing mode be rationally configured and selected according to mission and tactical requirement of submarine when development and operational application of torpedo weapon are planned.